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Mar 4, 2013 2:00am EST
competition can undermine a free-market. thus, antitrust laws set limits on companies. specifically, section seven of the clayton act prohibits mergers that lessen competition or tend to create a monopoly. this is meant to strike a balance between companies freedom to organize their affairs. two of the four legacy carriers, american airlines, which is then in chapter 11 bankruptcy since late 2011, and u.s. airways, announced plans to merge. it would be called american airlines but be led by u.s. heirs chief executive officer. chief executive officer. this is a highly technical inquiry and the department should be guided surely by the facts and the law, not politics or ideology. the basic question the department should seek to answer is, how this mergers impact on competition would affect consumer welfare. congress has an oversight responsibility to ensure the department of justice conducts its merger reviews in a thorough, fair, and reasonably prompt fashion. the department should ask whether the merger would enable them to raise ticket prices or other fees or reduce services on particular r
Search Results 0 to 0 of about 1